If you've been [literally anywhere], you've no doubt run across people claiming that gold is the best investment, that the US Dollar (or most other currencies you could name) is a 'fiat currency', and that ever since the US fully went off the Gold Standard in 1971*, our money's been worthless because it's not backed by a metal you have to dig out of the ground... but that metal has real, intrinsic, inherent
But let's say that you had the foresight to buy an ounce of gold long ago, and you wanted to sell it today. How good would your return be?
A quick Internet search reveals
that on March 13th 1975, gold was selling for $178.00 per ounce. I was just about to be born at the time, so let's say that my parents bought me an ounce of gold to make me rich wh... Read more...